UBM Development AG (UBM) extended its sustainability strategy to the capital markets with a sustainability-linked retail bond. RBI accompanied its valued customer as Sustainability Structuring Agent and Global Coordinator throughout the entire issuance process from choosing the instrument to executing the transaction. The € 150 million 5-year senior bond contains a sustainability link based on the ESG ratings of the ISS and EcoVadis ESG rating agencies.
“We congratulate UBM on another successful bond issue, the first retail-targeted sustainability-linked bond in the euro area,” said Lukasz Januszewski, RBI Board Member responsible for Markets and Investment Banking. “We see supporting our clients on sustainable finance as a core task that is increasingly becoming essential. Our ESG-experts have excellent know-how and a proven track record.” Patric Thate, CFO of UBM, commented: „We are extremely pleased over the success story of our first sustainability-linked bond and the strong confidence of investors in UBM, as well as RBI’s strong support in the transaction.”
The transaction consisted of an exchange offer to holders of the UBM Bonds 2017 – 2022 and a cash subscription offer. 40 per cent of the latter was placed with funds, asset managers and insurance companies, while 32 and 17 per cent were subscribed by retail investors and private banks, respectively, and 11 per cent by commercial banks.
RBI wants to increase the number of lead managed Sustainable Bonds and Schuldschein loans in 2021 and beyond, aiming at supporting the issuance of at least € 2.5bn in sustainable funds in the current year alone.
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UBM creates real estate for Europe’s top cities. The strategic focus is on green building and smart office in major European metropolitan areas like Vienna, Berlin, Munich or Prague. The company’s shares are listed in the Prime Market of the Vienna Stock Exchange, the segment with the highest transparency requirements.
RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 13 markets of the region are covered by subsidiary banks. Additionally, the RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or M&A.
Around 45,000 employees service 17.4 million customers through approx. 1,800 business outlets, the by far largest part thereof in CEE. RBI’s shares are listed on the Vienna Stock Exchange. The Austrian regional Raiffeisen banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Austrian Raiffeisen Banking Group, RBI is the central institute of the regional Raiffeisen banks and other affiliated credit institutions.
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